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>>> welcome to "worldwide exchange." ross westgate is away. i'm kelly evans and these are your headlines from around the world. political turmoil in italy sending european stocks lower. italian banks leading the way down as mario monte keeps investors guessing in whether he'll run against sylvia berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the count
>>> this is today's "worldwide exchange." i'm ross westgate. here are the headlines from around the globe. another shanghai surprise. beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also higher. 46.5 to 45.8 flash as well, the highest since july. so the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better?
>>> hello. welcome to today's "worldwide exchange." i'm ross westgate. and i'm kelly evans. >> japan's prime minister wastes no time on calling on the bank of japan to recognize support after a land slide win returning the dlp to power. >>> get a little, give a little, house speaker john boehner may be willing to raise taxes on the wealthy if president obama allows entitlement cuts in return. >>> and corporate news weighs on sentiment across europe. kpn shares fall after dividend and greco stocks plunges as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast fo
now, "new york times" finest, columnist ralph, and ross. ross, i'm going to start with you. you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds that have ended in deals in the last couple years, but in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and republicans have persuaded themselves not completely convincingly in my view, but they have persuaded themselves it's much better to accept slightly higher taxes that they themselves don't have to vote for directly, even though they'll still be casting a vote for new tax rates, they'll be able to say, well, taxes have already gone up and we're just voting to cut them. so that's sort of how, at least, i think both sides are persuading themselves to sort of tip-toe off the cliff. >> and charles, i know you think republ
included fire trucks from ross county, ma rain county as well as the sheriff's office. now ross police tell me they do hope this man is okay considering the cold conditions of the water. we'll be back out here in a few hours once daylight hit to get the better visibility. >> all right. thank you, kate. >>> a break from the rain and good news for folks in east pal low alto. take a look at this. this is at the 11 and embarcadero. at this hour looking good. it was a much different story yesterday. the creek was overflowing, and a nearby levee close to giving way. despite that officials say the levee has three large bowls that makes it vulnerable. >> we have about 600 feet of levee right now that's had overbanking that's still going on, and it's literally carving the levee up. >> meanwhile about 40 evacuees were taken to the ymca on university avenue; but shelter lost power overnight. >>> remember this? it's -- from february 1998 during the el nino storm system, hundreds of homes were damaged in that flooding, and the rains back then turning the creek into a raging tore went far beyond what hap
>>> hello, this is today's "worldwide exchange." i'm ross westgate. >> i'm kelly evans. these are your headlines from around the world -- >> opec ministers expect to agree on keeping their output target. talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher out
. >> i want closure. >> reporter: but closure for the families of deborah ross and ersie everette known as chuck will have to wait. the sentencing has been delayed to january 18. the two were gunned down at the richmond/san rafael bridge tollbooth in 2009. nathan burris was ross' ex- boyfriend. the sentencing was supposed to happen today after the jury gave him the death penalty in november. family members were prepared to read impact statements and instead nathan burris and his advisory counsel spoke asking for a new date. burris says he has no access to library or research and prepare. he is defending himself. >> to me he is a joke. he is trying to do anything he can to stay in the county jail. >> we're used to his antics now. we expect he is going to do something. you kind roll of with the punches. but the main thing that we know, this is coming to an end. we'll be able to move on. >> reporter: he is known for outbursts in court and today he started yelling and cursing at the victim's family members. they just laughed. they say it's important that he knows what he says no longer affe
from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas, brian. yeah, we closed high yesterday, but with the events that you've talked about, republicans in the end not holding that vote because john boehner couldn't muster enough votes to raise taxes on people earning over $1 million. futures took a bit of a dive. and right now, we're calling markets down here, the s&p down twre 20 points. there's concern now that boehner can't secure enough votes in the republicans to support whatever plan may come from the other side of the aisle. and there's been a lot of complacency going in for investors. they will eventually get a deal done. european markets are now down at the session lows. off about a percent for the ftse. similar for the german market and in paris as well. so eyes for these periods now around christmas squarely on washington as you might see. not much christmas cheer for research in motion either. this was a stock that was up towards after they came out with numbers better than expected.
? result ber ross doesn't -- wilbur ross doesn't that the rich are a target. no matter where you are in that spectrum, so are you. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. >> we should be raising taxes on the wealthiest few. >> our plan b would protect american taxpayers who make a million dollars or less. >> all we heard from them is they don't want to tax the rich. >> there are a lot of people who make above 250 who are not rich. >> let the expire like they are sun owessed to. neil: the rich are getting a lot of attention from politicians, billionaire wilbur roth, i gue
kernen. andrew ross sorkin is off this week, he's on vacation. our guest, greg. >> great to be here. >> you're very pleased that you're with us here for an hour because we do have a lot to talk about. >> has a lot of experience. >> yes, he does. >> we've got a lot of stories that we'll be talking through this morning, but let's start with that big story that joe was just talking about. president obama speaking to the business round table today, attending to the group's quarterly meeting of ceos. jim mcnerny says including meaningful and comprehensive tax and entitlement reforms. this is the number one story that we've been talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
>>> welcome to "worldwide exchange." i'm kelly evans. ross is away. these are your headlines from around the world. president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fi
, we go to caroline ross. i like the name, it's good. congratulations. thank you very much. >> you talked about that ubs story. that's a massive, massive fine. one of the biggest banks here in europe. yes, there have been a lot of press speculation about the side of the fine, but it's three times bigger than the fine ba barclay's was fined. ubs also admitting to criminal wro wrongdoing in japan. >> how are global markets doing at this hour? >> well, actually global markets are up. they're cheering, you know, the fact that there could be a fiscal cliff deal between democrats and republicans. look, we've got european markets close to year highs, the cac and dax at 52-week highs. this is more related to the expected aggressive monetary easing by the boj, but even the u.s. markets, the s&p 500 at a two-month high. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted.
" columnist ross douthat the and cornell. the president said he wanted to see a straight up-or-down vote. as we mentioned that, will happen on monday in the senate. he could lose that up-or-down vote. >> i think you're likely to see something come out of the senate. you have to pay attention, especially on the senate side to tone. what minority leader mcconnell was saying was tone was right. i think you'll see something come out of the senate but i think the problem comes on the house side, whether or not speaker boehner what it send theirs way to go an up or down vote without having the majority of the majority. >> ross, this is what speaker boehner said he wanted to push off to the senate. nothing helps us answer the big question, can his speaker bring his conference on board? could house republicans now be ready to accept a compromise, even if they don't like what's in it? >> i think a lot depends on what the democrats are willing to give at this point. the democrats sort of have an interesting dilemma where it's the sort of bird in the hand issue. i think if you do have something com
right now in clover dale a long highway 101. you can see here sea ranch fort ross jenner now starting to pick up moderate rainfall. around continue barn -- tin barn road, moderate rain this, is gibbing to move towards us so watch out. the wind is already picking up. temperatures though winds picked up, are running milder than yesterday at this time. we have low 50s to low 60s. gusts right now at sfo gusting to 35 miles per hour starting to get gusty in concord, santa rosa. 25, half moon bay, gusts 31 miles per hour. wet, windy for morning commute. wleer looking at more rain for the weekend. hang on to rain gear, you're going to need it. here is a look at the slow-moving storm. it's what we had expected. the rain would be in towards yu kaia#x and slowly sagging our way. we do have a couple waves of rain for upcoming weekend. we may see possibilities of thunder. 7:00 p.m. not shifting very far. as we head into the one two,, 3:00 hour, it's still in the same area, light to moderate rain for 5:00 a.m. commute. we'll continue to see winds gust agent times, hang on to steering wheels. 7:00
lot to talk about in this morning's sports breakfast. >> dave ross will be here to break down the sunday match-up between the redskins and cowboys. first, we'll check back in with tucker to talk about the chances of winter weather this weekend.  >>> with the chances of more winter weather heading our way, now is the great time to get the fox 5 weather app. search for d.c. weather in the app store. you can also text fox 5 weather to 29473. >> yes. what i abeautiful shot outside right now as we take a live look. that is the moon up there in the sky. is this a light? >> come on, sarah. >> it is the moon, right? >> i'm with you. >> it is the moon. >> i just didn't realize it was that clear out. i did not see the moon as i was driving in this morning but a beautiful look outside. >> either that or it is a hole in the sky. >> ready for the aliens to come down. >> we have news here. >> it is that big spaceship we were waiting for. >> never mined my wintry forecast. you got other things. let's get to the headlines. -- never mind my wintry forecast. >> we are a l
will play sunday? dave ross is next with sports.  >>> time now to talk to dave ross about sports. >> good morning. >> wing anterior doing better than they're doing up in new york. what wear figuring out if, if you have two quarterbacks, it is a good problem to v it is a good problem to have that the redskin have this week. we are talking about kirk cuss ipse who came out on sunday. i guess sensational might be strong but he was really good. this is the big connection to leonard hankerson. 32 # yards. that is the second most of any redskin rookie in the history of the redskins. the most by any redskins quarterback since rex grossman did it back in 2010. so we kind of hinted around it yesterday. do you let him go one more week and rest rg iii another week as you get ready for the eagles. here what is the head coach had to say about it. >> we're going to play robert when he is 100%. when that ligament is fine and the doctors feel that there is no chance for injury, that he can go out there and perform at the level in a game situation without injury, we're going to go with our starter. >> the
responsibility. scott smith and dave ross are up next in sports.  >>> welcome to fed ex field. i'm scott smith, where if this season came down to week 17, it will come down to the final quarter. redskins lead 14-7 in what has been a rather slow scoring game. unlike the thanksgiving game that these two met in back in november, obviously it was a 69- point combined effort in that game. 14-7. redskins have taken the lead in the late third quarter. griffin with a nice run to give the go ahead score. it has been a record setting evening for alfred morris. passes the franchise season rushing yards total. he also surpasses charlie taylor's rookie touchdown record. 11th in this game. been a great defensive effort by the redskins in this one. two tony romo interceptions. redskins seem to have it on their side this quarter. less than 100 yards passing for rg3. little bit of a weakness in that leg. not running a lot. he did just run in the go ahead score of this game, so we will keep -- keep tuned into the final quarter of play. obviously the crowd, playoff atmosphere here, packed house, as the wi
and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of t
! >>> this is "worldwide exchange." i'm ross westgate. a one meter high tsunami hits the ming a sgi pre miyagi prefecture as a 7.3 earthquake strikes. job growth in the u.s. is expected to have slowed significantly in november. and bundesbank sharply lowers germany growth outlook for next year, down to a mere 0.4%. very good morning to you. slim gains yesterday for u.s. markets. right now we're called marginally higher. pretty flat opening actually. dow seven points below fair value. the nasdaq mini currently some four points below fair value and the s&p 500 also about 1.4 points below fair value, as well. so a cautious start. ftse yesterday up nine. right now flat. xetra dax currently just down four points, but it's at levels we haven't seen since january 15, 2008. and up nearly 28% this year. cac 40 up four point, ibex down half of 1%. despite sharply lower growth forecasts from both the ecb and the bundesbank again this morning. what it has done of course is help push down yields on bunds. you can see here this morning we're slightly higher on the session, but 1.30%. spanish yields a little bit higher
. you know that. so now i know what wolf is getting me. >> we forgot to mention diana ross was great last night at the christmas in washington event. december 21st, diana ross. that's it for us. thanks for watching. "erin burnett out front" starts right now. >> out front next, president obama in michigan today, selling americans on his plan for taxes. we're 22 days away from the cliff. does the plan add up? >> and a daring rescue in afghanistan claimed the life of an american navy s.e.a.l. as we prepare to go to afghanistan, we take a closer look at the american troop presence and how many americans will stay. >>> and offfield violence leads to the death of two nfl players. why the violence on the field, though, is a much more important issue. let's go "out front." >> good evening, everyone. i'm erin burnett. "outfront" tonight, cliff, slope, grand canyon. i don't know, martian cave, jupiter like storm. is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it
on an up or down vote, without having a majority of the majority. >> and ross, this is what speaker boehner said he wants to push off to the senate. but nothing we saw today can answer the big question. could house republicans now be ready to accept a compromise even if they don't like what is in it? >> i think a lot depends on what the democrats are willing to give at this point. and the democrats sort of have an interesting dilemma where it is sort of the bird in the hand issue, right? i think if you do have something come out of the senate where the tax threshhold goes up to $400,000, rather than 250,000, where there is some concession to democrats and republicans, i think there would be a lot of pressure on boehner to bring it to a vote and to have it pass again. it probably wouldn't pass with the majority of the majority. it would end up passing with a chunk of republicans, and a lot of democrats. but if the democrats just want to push things and say no, it is 250,000, i mean, that might not get out of the senate. and if it gets out of the senate i don't think it gets to the house. >>
was the worst that can happen? if they screw up we lose our shirts. tomorrow will ross why he is worried about these talks in washington. and creative ways to hike taxes but no clear ways to cut spending. cut him out. resolution war no, it will cost us dearly. the government is getting fatter. i have run out of analogies. go eat dinner.o , but only one at republicans are hong wil pass. here with exquisite exclusive details, richardson in washington. >> good evening. what republicans are looking to do in the house is basically deal wh the tax provisions of the fiscal cliff to hit on january 1 so thereill be two amendment votes on the house. the first constructed by republicans dubbed the nancy pelosi plan because it contains a number of the provisions she holds. amounts less than $250,000 per year, it extends some of the stimulus provisions with income taxpayers, child cred, and raising amounts more than $1 million. this is a republican plan ,-com,-com ma the one if it goes past the house, likely to pass the house, it makes the current rates permanent for amounts less than $1 million per year.
on the fiscal cliff. >> time for the global markets report. ross westgate standing by london. and then i say kelly. is that -- >> it's me. i'm here. we're flip-flopping kelly and i. >> we were ready no anything there. i introduced you, but then i tossed to kelly. so that's the way we'll keep it from now on. >> consummate professional. hedging your options. advancers barely outpacing decliners. very slim gains on the equity markets. but it is worth pointing out ft ftse 100 up nine out of the last ten sessions. ftse flat now. xetra dax up a quarter. cac 40 up around two thirds. ibex up half of 1% as well. spain have officially applied for bailout money. it is keeping yields well contained at the moment. 5.25%. a long way below that 6% level. italian yields also very well contained. lower today 4.41%. and the betting now is can spain keep from having to go for an official omt bailout to beyond the german elections which is scheduled september to october next year. so that's the game we play despite they have will have i issuance in 2013. gilt yields, chancellor statement coming out tomorrow. co
with andrew ross sorkin. joe kernen is joining us from washington, d.c. this morning along with john harwood. joe, i know you have a huge lineup there. and i know you were up a little late last night, too, right? >> yes, becky, very late. you and andrew, i hope you guys are ready for the heavy lifting. can i ask you a question? are they over the cliff in new zealand, do you know? >> yeah, i guess that's it. >> the sequester would have gone into effect. >> no, that's probably only affecting us here, but that shows you how close it is. we are -- i guess something could happen at 11:00. we'll see, beck. andrew, good to see you, as well. >> good to see you. >> we've switched. i've got the jacket on, you've got the jacket off. how does that capital building look? >> it looks great behind you. you look very statesman like, absolutely. you have your rise above pin on for this final day. >> he looks like a senator. >> you do have a senatorial look. >> i'm going to retire to the rise above when we start talking about the debt ceiling. we may need a whole new branding campaign. anyway, john harwood is
. beautiful pictures of clouds around the bay east from sutro to mount diablo, fort ross, jenner, sea ranch to windsor where we are having waves of light rain now where they are going to stay during the daylight hours low to mid 50s right no [ female announcer ] martinelli's gold medal sparkling cider is the perfect choice for holiday gatherings. martinelli's is non-alcoholic, festive like champagne, and tastes great! martinelli's: since 1868. featured now at sizzler. tri tip sirloin with fried shrimp, malibu chicken, or grilled shrimp. starting at just $9.99. sizzler. >>> watch this video closely. routine traffic stop, turned into a dramatic rescue. look at that. a young man kidnapped, put into the trunk of his own car. the police were finally able to track him down. we're going to tell you how. >> he just kind of hopped out. that's the most amazing thing. >> just incredible. elizabeth vargas here. hi to robin at home recovering today. >>> we're also going to have the latest twist in that lottery murder trial in florida. the defendant has an escort after the jury felt threatened outside of
no criminal charges. brian ross reports. >> reporter: when the most ruthless of the mexican drug cartels wanted to hide their money, they went to hsbc. so did hamas and al qaeda, along with iran and other countries and the u.s. financial blacklist. all customers of a bank known well around the word. but given much less prominence in the announcement was a deferred prosecution agreement with hsbc, meaning there will be no prosecution of the bank or its top executives. despite more than a decade of dealing with criminals and terrorists. >> this is a very just, very real and very powerful result. >> you don't think the bank got off easy? >> no, and i don't think the bank thinks it got off easy. >> reporter: but with $38 billion in profits over just the last two years alone, hsbc can easily afford its $1.92 billion payment. >> this is a signal to other banks that if you do this kind of stuff, you'll get a parking ticket, you'll pay the fine and move on. >> reporter: since this summer, when executives ducked questions from abc news, lawyers argued that a successful prosecution of hsbc could h
for person of the year? e-mails us here, tweet us. i think ross westgate gets my nod. we'll see if maybe he comes out ahead in our unofficial reader poll. staying on that topic, the financial times has named its person of the year. we'll tell you who it is and talk to the newspaper's editor when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shi fedex o. >>> you're watching "worldwide exchange." shanghai shares see their biggest gain in more than three years. flash pmi data suggests domestic demand is strong enough to boost growth. mixed signals from flash pmi data in the eurozone, business activity expands for the first time sips april, but we see contraction for the 11th consecutive month. >>> and japan's reading comes two days before a nationwide vote that polls suggest will hand the lpd opposition a landslide win. >>> the financial tim
fedex express ecember 22nd for christmas delivery. >>> welcome back to "worldwide exchange." ross westgate is away. i'm kelly evans and these are your headlines from around the world. a setback for negotiations between congress and the white house as house speaker john boehner's plan b fails with just ten days left until the fiscal cliff deadline. >>> markets are trading lower around the world on that news. ars, arse announcing make write-do write-downs. >>> and maybe there are just two hours to go before the end of the world. reports suggest there is panic buying around the world as the mayan calendar chicagos towards its cataclysmic conclusion. >>> well, let's check in on markets. if we can brick them in behind me, here is what's going on. u.s. futures, we see the s&p, nasdaq and dow jones all pointed well to the down sides. thin trading does tend to exacerbate the knee jerk reaction we saw out of the news on washington last night. so it looks like the dow could shed 160 points at the open. we'll keep an eye on this throughout the morning. across europe, the mood has been pretty
, it may partially reopen by tomorrow. that road, north of jenner to'ross has been closed for three weeks -- jenner to fort ross has been closed for three weeks. >>> pacifica has designs in place to prevent clogging. they are installed on top of and meant to keep the trash out of storm drains and the ocean. workers will monitor this before and after the storms. >>> a big story. some chevron jobs leaving the bay area. why hundreds of employees will be on the move. >>> a hit-and-run driver takes off after a fatal accident involving a man and his job. his-- an his dog. >>> police are searching for the hit and run driver who ran down and killed a man and his dogs. those victims were found at sutter and louisiana streets yesterday morning. now, one of the neighbors told ktvu she heard a loud noise. didn't see any skid marks, though, and no sign of the driver. the dog died right there at the scene. the owner of the drug, a 64- year-old -- dog, a 64-year-old man, died later at a hospital in fairfield. neighbors say drivers speed through that area all of the time. >> all kinds of young people, th
excitement over sunday's regular season finale keeps going. dave ross will join us with a look. fox5 morning news at enst starts now. >>> there's your live look outside. not a bad start to the day. could look very different 24 hours from now. tucker will tell you about that in a few minutes. this is friday, december 28, 2012. good morning, i'm tony perkins. >> i'm sarah simmons. alison seymour has the morning off. we are here to bring you the latest on the weather, well, tucker is. let's check in with him now. >> good morning. nice quiet start today. we have temperatures back in the 30s. it will be a decent friday. partly sunny. highs in the low 40s. less wind than yesterday. today we're fine, and then we've got this winter event for tomorrow. it's not going to be a big storm, but maybe enough to have light accumulations around here during the day tomorrow. reagan national now 36 degrees. dulles 33. bwi marshall 34 degrees. quiet start to the day. cloud cover at the moment. and as you look to the south and west, look into western tennessee and northern parts of mississippi and alaba
by ross dalpot in the "new york times" who wrote, this chapter, the demint chapter, the tea party chapter, call it what you will, was probably a necessary stage for the american right. it's a norm -- now his -- the whole gist of this column is that jim demint's time is up for the tea party? >> what he has said is that he does feel like he was successful in getting about half a dozen te party backed republicans in the senate who would not have been there if not for him. it is also true that he had some important candidate who is did not win and you can bet that senator mcconnell heard that senator demint is coming -- >> and of the candidates that jim demint backed in states that were red states and the republicans should have won, there's a number of republicans up to mitch mcconnell, the republican leader who believed they would be in the majority today if not for some of the candidates. >> there's a little bit too much demoralization, everybody's so -- very similar to what it was like after the 2004 election, when george w. bush was elected and liberal democrats saying, oh, my gosh, we'r
caught my attention was a column today by ross in "the new york times" who wrote this chapter, the demint chan ter, the tea party chapter, call it what you will, is probably a necessary stage for the american right. it's normal for defeated parties and movements to turn inward for a period of ideological retrenchment before new thinking takes hold. now, the reason demint is leaving is because time is up for the tea party. >> i don't think so. he got a dozen tea party-backed republicans elected to the senate that would not have been there were it not for him. it's also true that he supported some candidates thatdy did not win. you can bet mitch mcconnell was not unhappy he left. he feels he's not a majority leader because of demint is there. there's a lot of "ding dong the which is gone" sentiment. >> a lot of republicans up to mitch mcconnell the senate republican leader who believed they would be in the majority today if not for some of the candidates. >> on the right there's a little too much demoralization. even's so depressed on the conservative side, very similar to wait was like
in the event that raised money for the hospital. >> diana ross, and conan o'brien, and psy of gangnam style fame. were among the stars at the charity concert. >> gangnam style is everywhere. >> a little controversial because he has a past where he did anti-american songs. he still appeared. >> he still appeared. >>> the upper plains and midwest digging out getting slammed by a powerful storm. >> parts of minnesota are buried under a foot and a half of snow. air travelers were thrown off course. this morning the roads are treacherous. more from abc meteorologist ginger zee. >> reporter: more than 150 flights canceled. 300 crashes on minnesota roads. and roads across western minnesota are shutting down due to blowing snow. what will likely be the biggest snowstorm in two years around the twin cities, dropping more than a foot and a half of snow in parts of the northern plains and western great lakes. look at these images from the slow moving, fargo, north dakota. the snow coming down an inch an hour at times. frozen in a sunday snowstorm in duluth, minnesota, too. and in iowa, these time-laps
there will be no consequences. there's a minor fine, but absolutely no one will go to jail. ryan ross of abc news has more. >> when the most ruthless members can he be drug cartels wanted to hide their money they went to hsbc, along with terrorists, all customers of a bank known around the world. today, u.s. authorities said they were holding the british-based bank account automobile. psbc agreed to pay a record $9.12 billion in forfeitures. >> the largest ever. a did he everred prosecution agreement means there will be no prosecution of the bank or its top executives despite more than a decade of dealing with criminals and terrorists. >> cenk: now you heard their record fine, $1.9 billion sounds like a lot of money. why do i say it's a small fine. there's the executives testifying. the profits they brought in was about $21.9 billion, that's pretax. that means the fine was about four weeks of profit. that's a big whoop-te-do. these are the biggest money launderers for al-qaeda in the world. what do you think happens to you if you launder money for the drug cartel or you're a mule and bring it across the b
are on the record saying that ross mercurini should not be sheriff because of his conviction stemming from the argument with his wife. but the sheriff says he supports the mayor's peace at home campaign. >> we are move together and moving forward. good work is getting done. the light side and the positive side, which you are catching on camera is our toy drive at woman's resource center, affiliated with the sheriffs department. >> that's where we caught up with him he feel says he will not resign, even though there is an effort to recall him. he says he is not focuses on the recall. coming up at 6:00, we will hear from the director of the domestic violence consortium about why this campaign is needed and why it has nothing to do with the sheriff. >> all right. thank you. there is still no word on a motive for the shooting spree that killed two shoppers tuesday at a suburban portland, oregon, mall. but friends ofia cob roberts insist he was the least likely person to go on a spree. his ex-girlfriend said he had quit his job, sold his stuff and had a plane ticket to hawaii, but got drunk and
" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky quick is out today. our guest host this hour, rebecca patterson and peter. check out today's lineup. it is a biggie. we have an exclusive interview with dallas fed pet jrichard fibber. and the interview of the morning you do not want to miss. it is a crazy story we've been talking about for the past two weeks. john mcafee will be joining us live on camera at 8:40 a.m. eastern. we're going to get the latest chapter in this mystery that has murder, mayhem and suspension. his life is the movie of the week, if you will, and we will have it live right here at 8:40. please, do not miss that. let's get you caught up on some of the other headlines this morning. house speaker john boehner and president obama met for the second time this week. both parties are trying to avoid the fiscal cliff. the men had a frank discussion and the lines of communication remain open, although no specific details were released. the meeting came after frustration in washington. this was house speaker boehner earlier in the day. >> republicans want
quick along with joe kernen and andrew ross sorkin. let's take a look at our lineup today. first off, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out
ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yesterday. s&p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. european shares rising. germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the ma
the fight to free the marine. but perhaps the most vocal of all of them was congresswoman ill anna ross layton who joins us now from miami with the inside story of how this all went down. congresswoman roth layton, it's so good to see you. >> thank you, laura. >> laura: beaten up in congress. approval rating is down. but now we see congress actually gets rules with the help of the factor of course and all of fox news. go ahead. tell us what happened. how did this all go down? >> well, absolutely fox news and o'reilly factor you guys saved his layoff. i mean literally, remember that as you said in the top of the program the parents tried to do it it the old fashioned way. john has been rotting in that jail since august. the parents did the right thick. they wanted to go through different channels. they hired lawyer after lawyer after lawyer. they had prayer services going here in our community. and they didn't contact us until just a few weeks ago. as soon as they contacted us. boy constituent service is what i live for. we pounced on this story and thanks to you guys at fox, you were ab
on cnbc. i'm andrew ross sorkin along with joe kernen. becky quick is off today. our best host this hour, alexander ladenthal. we have a lot to cover with her this morning. here we are, christmas eve. it's a shortened trading session for christmas eve. u.s. equity markets will close at 1:00 p.m. eastern time. bond currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republ
can tell from those times. >>> news right now, developing news in the north bay police in ross will resume their search for a suspected drunk driver after they lost him near the college of marin, the driver bolted from his car during a traffic stop on sir francis drake after midnight, officers chased him and lost sight of him near stadium way. rescue team from the fire department searched but were unable to find that driver. >>> the same flooding that chased hundreds out of their peninsula hopes last night is threatening to undermine levees lining the creek. terry mcsweeney is live in palo alto, officials are keeping a close eye on things there's promising news there, right? >> reporter: yeah, there is. if you look at the creek now, it is dropping even in the hour since our first report this morning, dropping steadily since last night, ian if you can show the mud give people an idea how high this got, here, over the bridge to where we are standing now it has dropped significantly. video last night, started in palo alto by the four seasons hotel, at one point at university avenu
it also cools it from sea ranch, fort ross towards occidental, guerneville, forestville that whole area, blue"emj green, still, i don't think they are going to have more in the way of sprinkles if anything through the morning this is just the beginning of the system who having in. 30s, easier to talk about who is not in the 30s, -- [ unintelligible ] , today frot there, by the around clouds thick enough that light rain will start reaching the ground. showers start tomorrow morning, dry by the afternoon hours this is the extended dry period for sunday, monday and tuesday, we've been talking about all week. divide and conquer that's what we are seeing system spinning energy trying to split this area of high pressure going to flow down the coast what makes this forecast tricky, how o the coast does it get? 50 miles closer, we're talking about significant rain into the east bay valleys, 50 miles farther west, barely any rain. we are going to split it down the middle. light rain moving into the north bay during the lunch hour, all of us,' getting light rain for the evening commute. heavier r
of the 23-year-old. he was last seen jumping into the frigid waters early monday morning in ross near the college of marin. police stopped him for a possible dui he ran. officers chased him until he jumped into the water. >>> state senator jerry hill of san mateo will introduce a bill to require repeat drunk drivers to blow into a breathalyzer before they hit is holding a news conference in redwood city to announce the legislation this morning at 10. it would require ignition interlock devices on vehicles after a second dui conviction. the device requires a breath sample before the engine can start. right now it is up to the cores to decide whether a driver has to have -- to the courts to decide whether a driver has to have one in the car. >>> expect to see more officers tonight through new year's eve. chp and other law enforcement agent sears cracking down on drunk drivers, -- starting 6:00 through monday night. >>> high school senior faces possibility of being expelled in san francisco after she wrote a poem that her school. 17-year-old courtni webb attended live learning an card me
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